Riot sells 20,264 Bitcoin for $1.5B to fund data center expansion

The Bitcoin miner locks in a 15-year data center deal in Texas as its pivot toward AI and high-performance computing picks up speed Riot Platforms reported $181.4 million in revenue for the third quarter of 2026. It also announced a 15-year, $28 billion lease for its Corsicana campus in Texas. Q3 revenue landed at $181.4 million, up from the $174.2 million Riot reported in Q2 2026. Bitcoin mining remains the engine paying the bills for now. In Q2, mining brought in $113.7 million, the majority of that quarter’s revenue. The Corsicana campus holds 1 gigawatt of approved utility power, which supports up to 756 megawatts of IT capacity. The Corsicana deal did not come out of nowhere. Riot disclosed a non-binding letter of intent for the site in Q2 2026.

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